Monday, December 10, 2018

U.S.-China Trade Fears Linger, Brexit Vote in Focus, Global Stocks Slide, Oil Pulls Back

Investing.com Monday, December 10, 2018

Markets will be keeping abreast of the ongoing trade spat between the United States and China amid growing doubts over whether the world's two largest economies will be able to resolve their differences. U.S. Trade Representative Robert Lighthizer said on Sunday that trade negotiations between the two countries need to reach a successful end by March 1, or Washington will impose new tariffs.

Markets were already reeling from news last week that Canadian officials had arrested the chief financial officer of Chinese electronics giant Huawei, Meng Wanzhou, for extradition to the U.S. On Sunday, China summoned the U.S. ambassador to Beijing to lodge a "strong protest" over the arrest.

Elsewhere, investors are keeping a watchful eye on any further political developments in the UK ahead of a critical parliamentary vote on Tuesday on whether to accept or reject British Prime Minister Theresa May’s Brexit deal.

Here are the top 5 things you need to know in financial markets on Monday;

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